4 unchanged sentences
To manage the volatility related to the exposure to changes in interest rates, we have entered into a derivative financial instrument.
−Removed: Our objective is to reduce, where it is deemed appropriate to do so, fluctuations in earnings and cash flows associated with changes in interest rates.
+Added: Our objective is to reduce, where it is deemed appropriate to do so, fluctuations in earnings and cash flows
+Added: associated with changes in interest rates.
Our policies and practices are to use derivative financial instruments only to the extent necessary to manage exposures.
1 unchanged sentence
Amounts reported in accumulated other comprehensive income (loss) related to our derivative will be reclassified to interest expense as interest is accrued on our variable-rate debt.
−Removed: The fair value of our derivative was a liability of $4.3 million at March 31, 2021.
−Removed: Based upon projected forward rates, we estimate as of March 31, 2021 that $3.1 million may be reclassified as an increase to interest expense over the next twelve months.
+Added: The fair value of our derivative was a liability of $4.5 million at June 30, 2021.
+Added: Based upon projected forward rates, we estimate as of June 30, 2021 that $3.2 million may be reclassified as an increase to interest expense over the next twelve months.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.